An Electric Actuator is powered by a motor that converts electrical energy into mechanical torque for moving or controlling a mechanism or system. It is one of the cleanest and most readily available forms of actuator because it does not involve oil.
This report contains market size and forecasts of Electric Actuator in global, including the following market information:
Global Electric Actuator Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Electric Actuator Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Electric Actuator companies in 2021 (%)
The global Electric Actuator market was valued at 2622.8 million in 2021 and is projected to reach US$ 3346.2 million by 2028, at a CAGR of 3.5% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Straight Stroke Electric Actuator Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electric Actuator include LINAK, THK, SMC Corporation, IAI, Parker, Ewellix, Thomson Industries, TiMOTION and FESTO, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electric Actuator manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Actuator Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Actuator Market Segment Percentages, by Type, 2021 (%)
Straight Stroke Electric Actuator
Multi-rotary Electric Actuator
Partial Rotary Electric Actuator
Global Electric Actuator Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Actuator Market Segment Percentages, by Application, 2021 (%)
Petrochemical
General Industrial
Electric Power
Water Treatment
Others
Global Electric Actuator Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Actuator Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Actuator revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Electric Actuator revenues share in global market, 2021 (%)
Key companies Electric Actuator sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Electric Actuator sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
LINAK
THK
SMC Corporation
IAI
Parker
Ewellix
Thomson Industries
TiMOTION
FESTO
Yamaha
CKD
Kollmorgen
Chiaphua Components
Tsubakimoto Chain
Moteck Electric
Tolomatic
Mindman Industrial
Auma
Rotork
Emerson
Flowserve
Chuanyi
Schiebel
Changzhou Power Station Auxiliary Equipment Co., LTD
Shanghai Automation Instrument Co., LTD
Surpass
Wenzhou RICH Measure and Control Equipment Co.,Ltd
YANGZHOU HENGCHUN ELECTRONICS CO., LTD.
TFL
Actuators Co., Ltd. Yangzhou Aotuo Ke
BERNARD CONTROLS
Koei Industry
Tomoe
ABB